esselte said:

ms spock said:

esselte said:

-1 from me.

US arms manufacture is a small part of the US economy. It sits mid-tier, well behind the truly giant sectors like health care, real estate, finance, retail, wholesale, construction, transport, education, utilities, agriculture, hospitality etc.

Weapons related manufacturing accounts for somewhere between 0.5% – 1% of US economic output.

Strategic importance of the sector is high, but economic importance is low.

Heya esselte

It is true, healthcare and Social Security take up significant amounts.

From what I have read military spending takes up 13.3% of the federal budget. So it is not insignificant spending.

Hi ms spock,

The federal budget accounts for about one quarter of the overall US economy. 13% of that equates to 3 and a quarter percent. The Pentagon spends approximately one third of its budget on weapons research, development and production, which gets us down close to 1% of the over all economy. The production (buying) of weapons is only a part of this 1%, which is why I said between 0.5 and 1 %.. Military spending includes all the costs of running a military, not just buying weapons.

I agree it’s not insignificant, but it is also not a large component of the American economy.

Interesting esselte. Ty